for these questions, we are exposed to the finance app on the scientific calculator. When applicable, please just plug in values, calculation not required:

N=

I=

PV=

PMT=

FV=

P/Y=

C/Y=

3. Sasha got a job and now needs a place to live. She can rent an apartment for $500 per month. She can also buy a house for $240000. She has negotiated a mortgage with the bank for 90% of the purchase price at an interest rate of 4.6%, compounded semi-annually. Sasha will pay off the mortgage by making regular monthly payments for 17 years. (12 pts) a) What are the costs of renting an apartment over 17 years? Show your work. b) What are the costs of purchasing a house over 17 years? Show your work. c) Which option would you recommend for Sasha? Explain